How does Axcelis Technologies Inc (ACLS) change from a tortoise to a hare?

With 1.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.56 shares. The 52-week range on ACLS shows that it touched its highest point at $201.00 and its lowest point at $105.28 during that stretch. It currently has a 1-year price target of $159.72. Beta for the stock currently stands at 1.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACLS was down-trending over the past week, with a drop of -4.79%, but this was up by 7.96% over a month. Three-month performance dropped to -3.84% while six-month performance fell -28.01%. The stock gained 6.59% in the past year, while it has lost -3.37% so far this year. A look at the trailing 12-month EPS for ACLS yields 7.43 with Next year EPS estimates of 8.47. For the next quarter, that number is 1.32. This implies an EPS growth rate of -7.54% for this year and 23.34% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 40.66%.

Float and Shares Shorts:

At present, 32.69 million ACLS shares are outstanding with a float of 32.18 million shares on hand for trading. On Jan 31, 2024, short shares totaled 1.5 million, which was 4.58% higher than short shares on Dec 29, 2023. In addition to ACLS as the firm’s Axcelis Technologies, Inc., CLS serves as its Celestica, Inc..

Institutional Ownership:

Through their ownership of 94.53% of ACLS’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACLS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACLS analysts setting a high price target of $180.00 and a low target of $130.00, the average target price over the next 12 months is $159.72. Based on these targets, ACLS could surge 43.63% to reach the target high and rise by 3.73% to reach the target low. Reaching the average price target will result in a growth of 27.45% from current levels.

Summary of Insider Activity:

Insiders traded ACLS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 85 over the past year. The total number of shares bought during that period was 72,319 while 342,427 shares were sold.